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Stagecoach JV challenged

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Stagecoach has been told that its joint venture to operate New York city tours, Twin America, would “not be in the public interest because it could create an entity with excessive market power”. The ruling has come from the Surface Transportation Board, which has given Stagecoach until 25 March to review the project.

The joint venture was agreed in March 2009 to bring together Stagecoach’s Gray Line business in New York with the business of CitySights NY.

www.stagecoach.com



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